In an interview, Nisha Biswal, president of US-India Business Council (USIBC), said the countries need to set a more ambitious agenda for two-way trade at upcoming Trade Policy Forum.
India appreciates the US' support to its joint initiative with South Africa to seek a waiver of Intellectual Property Rights for Covid-19 vaccines at the WTO, Shringla said.
US says if restrictions aren’t checked, India can’t be integrated into global supply chains. China raises FDI issue, EU says Covid has amplified barriers.
The Commerce and Industry Minister further said that it is in the interest of India and the US to deepen their strategic partnership with the trade deal.
At a FICCI event, Indian Ambassador to US Taranjit Singh Sandhu says a ‘mini’ trade deal is needed to achieve full potential of trade and business ties between both the countries.
Donald Trump said the two countries could make a 'tremendous' trade deal during his India visit but indicated that talks on this might slow down if he didn't get a good deal.
Mineral security is no longer just an economic concern but a national security imperative, underpinning the country’s ambitions in clean energy, defence self-reliance, and advanced manufacturing.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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